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Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio) · Bloomberg Intelligence

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  Speaker 1: Global business news twenty four hours a day. If Bloomberg
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  Speaker 1: this is a Bloomberg business flu And there you have
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  Speaker 1: its sound of the closing bell of the New York
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  Speaker 1: Stock Exchange as we wrap up parading on this Wednesday,
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  Speaker 1: August ten, folks from time outse battle of the burger
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  Speaker 1: ringing the closing bell. Stocks move lower, SMP five hundred
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  Speaker 1: index down by the most in more than a week
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  Speaker 1: as energy producers tumbled along with the price of crude oil.
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  Speaker 1: Bank shares sank on speculation interest rates will not rise
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  Speaker 1: this year. Today we had crude oil slumping three point
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  Speaker 1: one percent, down a dollar thirty one barrel, the DAL,
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  Speaker 1: the SMP nastac all declining, SMP five hundred index down
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  Speaker 1: six to twenty one seventy five, pulling back from a
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  Speaker 1: record down three tents upon percent down, Industrials down thirty
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  Speaker 1: six points to eighteen thousand, four hundred ninety six, a
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  Speaker 1: drop there of two tens up one percent, as stack
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  Speaker 1: down twenty points, a drop of four tenths of one percent.
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  Speaker 1: Ralph Lauren shares surge today after an earnings beat. The
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  Speaker 1: forty nine year old brand known for its preppy fashion
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  Speaker 1: and premium prices. Report at first quarter profit that exceeded
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  Speaker 1: analysis estimates. Shares of Ralph Lauren up eight and a
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  Speaker 1: half percent. Michael Core's Holdings provided a cautious forecast for
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  Speaker 1: earnings and sales this year, showing that luxury goods makers
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  Speaker 1: are navigating a turbulent retailed environment. Today we had shares
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  Speaker 1: of Michael Core's declining by two point eight percent. Wall
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  Speaker 1: Street looking ahead to a number of retailers scheduled to
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  Speaker 1: report over the next couple of days. Dana Telsey is
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  Speaker 1: the founder of Telsey Advisory. She was our guest this
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  Speaker 1: afternoon right here on taking Stock. It's going to be
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  Speaker 1: the department store week at the end of the week,
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  Speaker 1: with north to Macy's calls and j C. Penny's coming up.
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  Speaker 1: What we're seeing many of the department store is doing
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  Speaker 1: is searching for one of the new categories that they
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  Speaker 1: should sell. What should be private label, what should be exclusive?
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  Speaker 1: Maybe you're let's look at what you're seeing at Macy's.
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  Speaker 1: We're testing some are best by shops. Look at what
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  Speaker 1: you're seeing at Northstrom in the Grove in Los Angeles,
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  Speaker 1: or look at j C. Petty putting in appliances and
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  Speaker 1: lights out today for a lot of solar stock. SunPower
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  Speaker 1: plunged thirty point two percent. And now let's take a
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  Speaker 1: look at some of the other stories making news. Charlie,
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  Speaker 1: thank you from the Bloomberg News room. I'm Mark Crumpton.
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  Speaker 1: Republican presidential nominee Donald Trump held a round table today
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  Speaker 1: with coal mining executives in Virginia. He talked about the
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  Speaker 1: difficulties facing the industry, along with other energy issues. Trump
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  Speaker 1: attacked rival Hillary Clinton, who's advocating a move toward renewable
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  Speaker 1: fuel sources. He says Clinton quote wants the minds closed. Meantime,
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  Speaker 1: CNN reports the Secret Service has spoken to Trump's campaign
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  Speaker 1: staff about comments some say we're a threat to Hillary Clinton.
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  Speaker 1: The remarks came yesterday in North Carolina, where Trump suggested
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  Speaker 1: gun owners could stop at Clinton agenda. Trump denies threatening
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  Speaker 1: violence and said as he was referring to the gun
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  Speaker 1: owners political power. The federal government and Baltimore Police say
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  Speaker 1: they'll negotiate reforms after today's release of a Justice Department report.
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  Speaker 1: Officials are criticizing officers for using excessive force and routinely
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  Speaker 1: discriminating against Blacks Baltimore Police Commissioner Kevin Davis. They are
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  Speaker 1: officers right now that are just as offended as we
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  Speaker 1: are to see the details that are laid out in
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  Speaker 1: this report. Why because they wear this uniform proudly and
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  Speaker 1: they serve the citizens of Baltimore honorably each and every day.
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  Speaker 1: Court documents indicate New Jersey Governor Chris Christie quote lied
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  Speaker 1: at a news conference when he said his senior staff
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  Speaker 1: and campaign manager were not involved in the George Washington
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  Speaker 1: Bridge scandal. That's according to an aid who texted a
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  Speaker 1: colleague as Christie spoke on December Christie denies any wrongdoing.
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  Speaker 1: Global News twenty four hours a day, powered by more
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  Speaker 1: than twenty journalists and analysts and more than one twenty countries.
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  Speaker 1: I'm more Crumpton. This is Bloomberg, Charlie, and we thank you.
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  Speaker 1: Gold Today advanced five eight the ounce the thirty seven,
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  Speaker 1: a gain of four tenths of one percent. We are
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  Speaker 1: brought to you by E t F Exchange sixteen b
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  Speaker 1: n Y Melon's Annual E t F Symposium September nine
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  Speaker 1: to the twenty one in Dana Point, California. I must
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  Speaker 1: attend for r I A S space is limited, so
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  Speaker 1: register now at b n y melon dot com. Slash
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  Speaker 1: e t F recapping stock slower SMP down six to
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  Speaker 1: seventy five, drop of three tenths of one percent. I'm
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  Speaker 1: Charlie Phillott and that's a Bloomberg business flash. Move around motion,
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  Speaker 1: great emotion like they do. I've never seen anyone move
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  Speaker 1: that back. Five people, let's move like to get a purpose.
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  Speaker 1: Companies called movers and shakers. They cost a little more.
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  Speaker 1: About that name cracked me up. Bloomberg taking stock Movers
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  Speaker 1: and Shakers with Bim Fox and Kathleen As on Bloomberg Radio.
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  Speaker 1: Movers and Shakers for a Wednesday, August the tenth twenty
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  Speaker 1: is sixteen on the SMP. Five hundred, two hundred and
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  Speaker 1: thirteen issues advanced, two hundred and eighty four decline, and
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  Speaker 1: eight are unchanged. I want to bring in Dave Wilson,
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  Speaker 1: Bloomberg Stocks Commas to begin our movers and Shakers. Dave,
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  Speaker 1: let's talk about Walgreens, Boots Alliance and Right Aid. You're
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  Speaker 1: talking about two of the biggest US drug store chains.
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  Speaker 1: Walgreens has been trying to buy Right eight now for
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  Speaker 1: more than nine months and minute and offer last October.
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  Speaker 1: The issue is whether the combined company would sort of
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  Speaker 1: set off alarm bells with anti trust regulators. The website deal.
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  Speaker 1: We're order said late yesterday that the company should be
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  Speaker 1: able to gain antitrust approval by selling off some of
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  Speaker 1: their stores. Now, all this is attributed to a third
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  Speaker 1: party source who was contacted by the Federal Trade Commission
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  Speaker 1: regarding this proposed deal. So the idea that maybe the
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  Speaker 1: antitrust regulators will look favorably on the combined company well
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  Speaker 1: went overwhelming today's trading Walgreen's Boots up two percent and
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  Speaker 1: rite Aid up almost six I'm gonna tell you about
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  Speaker 1: the shares of Orbital A t K. Now, this is
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  Speaker 1: an armaments in space system manufacturer. The shares of o
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  Speaker 1: A plunged twenty percent. A company delayed a second quarter
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  Speaker 1: earnings filing because of a previous accounting mistake. A company
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  Speaker 1: set a lost provision for a U S Army contract
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  Speaker 1: will reduce previously reported pretax operating income by four hundred
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  Speaker 1: to four hundred and fifty million dollars. The company also
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  Speaker 1: reported preliminary second quarter revenue of one point oh five
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  Speaker 1: billion that missed the average analysts estimate of one point
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  Speaker 1: one three billion, and the company did say that its
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  Speaker 1: annual revenue will be lower than its previous guidance and
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  Speaker 1: preliminary second quarter earnings per share a dollar thirty five
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  Speaker 1: versus average analyst estimate of a dollar thirty two. Nevertheless,
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  Speaker 1: the shares of Orbital A t K down twenty I'll
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  Speaker 1: see your Orbital A t K and raise you a
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  Speaker 1: sun Power a company that dropped with one analyst called
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  Speaker 1: a guidance bomb late yesterday. SunPower had been anticipating that
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  Speaker 1: it would at least break even this year. No more. Now,
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  Speaker 1: the second largest maker of solar panels here in the
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  Speaker 1: US is telling analysts it may lose as much as
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  Speaker 1: a hundred and seventy five million dollars. They're saying demand
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  Speaker 1: for utility scale solar projects is slowing and competition in
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  Speaker 1: the panel market is dragging down prices. SunPower ship airs
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  Speaker 1: fell thirty percent in today's trading, and other solar equipment
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  Speaker 1: companies went along for the ride. First Solar down seven
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  Speaker 1: point two percent and Canadian Solar falling almost eight percent.
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  Speaker 1: And I'll just point out that First Solo the third
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  Speaker 1: biggest loss in the sp day. All Right, I can't
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  Speaker 1: match that. But I'll tell you about the shares of
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  Speaker 1: Parago tumbling more than nine percent after reporting second quarter
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  Speaker 1: results that missed estimates. They also lowered their full year
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  Speaker 1: earnings guidance for the second time, posing pressures on its
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  Speaker 1: generic drug business. The value of Parago shares get this
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  Speaker 1: has dropped by half since Parago rejected that twenty six
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  Speaker 1: billion dollar takeover offer from my Land that was back
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  Speaker 1: in November. Shares of Parago tumbling today down more than well,
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  Speaker 1: you know, maybe the Walgreens right A deal goes through,
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  Speaker 1: but there's one of the chip business which may not
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  Speaker 1: be so lucky. I'm referring to Land researchers proposed ten
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  Speaker 1: point six billion dollars take over of k l A
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  Speaker 1: ten Core. Lamb Research came out today said the deals
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  Speaker 1: facing regulatory herror hurls probably won't get approved before they
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  Speaker 1: planned closing date in October. Uh. These companies have to
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  Speaker 1: go before the U. S. Department of Justice. They have
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  Speaker 1: to talk to competition related authorities in China, Korea and Japan.
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  Speaker 1: You put that all together, Land researched down four and
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  Speaker 1: a half percent, and kl A ten Core with a
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  Speaker 1: loss of more than ten percent and was the biggest
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  Speaker 1: drop on the day in the spl Right. I'm just
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  Speaker 1: gonna tell you quickly about d XP Enterprises. It's an
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  Speaker 1: engineering of pump and industrial products company. Its clients include
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  Speaker 1: the oil and gas, petrochemical as well as construction industries.
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  Speaker 1: They're based in Houston. Shares of d XP Enterprises of
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  Speaker 1: fifty eight percent. Today, they reported second court of sales
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  Speaker 1: that exceeded estimates earnings per share of thirty four cents.
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  Speaker 1: They say that may not compare to a year ago period.
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  Speaker 1: That compares, though, to an estimated loss of five cents.
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  Speaker 1: They cited gross margin expand expansion and expense reduction UH sales,
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  Speaker 1: though still down from a year earlier. Nevertheless, d XP
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  Speaker 1: Enterprises up fifty eight percent. All right, it's time now
• 10:11
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  Speaker 1: extremely low right now, in the past that typically has
• 10:33
  Speaker 1: been followed by low stock volatility. However, it tells you
• 10:36
  Speaker 1: nothing about stock performance. All right, Dave here, uh hi,
• 10:42
  Speaker 1: my name is Dave. Just what do you think you're doing, Dame.
• 10:48
  Speaker 1: We're going for the price on will Dave? Dave? Go ahead, Dave,
• 10:55
  Speaker 1: tell us about American Public Education. You know, this is
• 10:58
  Speaker 1: a company that had man and leads until the last
• 11:01
  Speaker 1: few months to avoid what's been a bear market and
• 11:04
  Speaker 1: for profit education stocks, when it's actually gone on about
• 11:07
  Speaker 1: as long as the bullmarket in US stocks. American Public
• 11:11
  Speaker 1: Education serves the military and government employees. Take her a
• 11:15
  Speaker 1: Pei company went public or twenty dollars a share in
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  Speaker 1: November two thousand seven, stated above that price through last November,
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  Speaker 1: then it fell as low as thirteen dollars and eighty cents.
• 11:25
  Speaker 1: Favorable earnings reports LEDs to recovery, then again Today the
• 11:29
  Speaker 1: stock tumbled a new in the wake of second quarter results.
• 11:33
  Speaker 1: American Public Educations earnings fell seven percent from a year
• 11:36
  Speaker 1: earlier after rising eighteen percent on the first quarter. Dropping course,
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  Speaker 1: registrations by new students accelerated to twenty two percent from
• 11:44
  Speaker 1: fifteen percent. You put that together, American Public Education down
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  Speaker 1: twenty percent biggest drop since May have last year. Thank
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  Speaker 1: you very much. Dave Wilson, Bloomberg stocks commas send him
• 11:55
  Speaker 1: an email at d Wilson at Bloomberg dot net. Become
• 11:58
  Speaker 1: a smarter investor. This is Bloomberg. Yeah, coming up on
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